The largest Dragons’ Den deal in history, backing a category defining shift in undergarments.

TORONTO, Nov. 21, 2025 — District Ventures Capital (“District Ventures“), a venture capital fund focused on investing in innovative CPG brands today announced it has led a $20 million investment in women’s intimate-apparel brand, Huha Wear Inc. (“Huha“). The investment, District’s largest to date, had co-investors including Export Development Canada.

The Vancouver-based brand, founded in 2019 by Alexa Suter is rapidly redefining health, comfort, and performance in the underwear category. Known for its popular Mineral Undies line, which uses breathable, tree-derived fibres combined with antimicrobial zinc-oxide liners, Huha will be using the investment for continued product innovation, building category leadership, and expansion into new markets.

“Alexa has developed a brand that resonates with consumers by creating underwear for modern health and comfort,” said Arlene Dickinson, Founder and General Partner of District Ventures Capital. “We see tremendous potential in Alexa’s vision and impressive momentum, and we are thrilled to partner and support the next chapter of this rapidly growing brand.”

Originally pitched on Season 18 of the hit TV series, Dragons’ Den, where a deal was struck by Arlene and Alexa, this now marks the largest investment in the show’s 20-year history and is District’s largest investment to date.

“When founding Huha, my vision was to support, rather than compromise, women’s comfort and wellness,” said Alexa Suter, Founder of Huha. “With District Ventures’ resources behind us, we’re now ready to amplify that vision and bring Huha to more markets and consumers. This is an exciting milestone for the brand and the investment validates the demand for products that are made with innovative fibres that are healthy for our skin.”

District Ventures’ investment in Huha further underscores the venture capital fund’s strategy of backing innovative Canadian consumer packaged goods brands that merge strong visions with scalable business models.

Media Contact

District Ventures: [email protected]
Huha: Sydney Schiff, 917.710.0488, [email protected]

About District Ventures Capital

District Ventures Capital is a venture capital fund that specializes in investing in innovative companies in the food and beverage, and health and wellness sectors. Led by General Partner, Arlene Dickinson, the fund has distinguished itself from traditional venture capital funds by offering a unique platform that provides companies with unparalleled support in marketing, programming, and commercialization. With $100 million in investments managed through Fund I and ongoing investments from Fund II, District Ventures Capital is dedicated to providing tailored support to companies that are bringing innovative products to market, driving growth and creating jobs in the consumer brands space.

For more information, visit www.districtventurescapital.com.

About Huha Wear Inc.

Huha designs thoughtful skin-layer garments for bodies that breathe, sweat, move, and live. Made with TENCEL™ and SMARTCEL fabrics, the latter permanently spun with soothing and natural antimicrobial zinc oxide, Huha’s skin layer basics are better and more breathable for all bodies. Huha is doing something different in women’s intimates, setting a new standard of self-love and self-care. Founder Alexa Suter’s search for a solution to her recurring UTIs, led to the creation of Huha’s mineral underwear which has expanded into a product range of bras, underwear, tanks, boxers and shorts in 2XS-3XL. Huha obsesses over fit, comfort, and functional fabrics because your underwear should work with your body, not against it. 

Follow along on Instagram @wearhuha and online at hu-ha.com. 

SOURCE Huha

• Claire Glossop Irani, Promoted to Head of Strategic Partnerships & Office of the CEO, Relocates to Abu Dhabi to Lead Regional Initiatives

ABU DHABI, UAE, Nov. 21, 2025 — Inovia Capital, Canada’s leading full-stack software investor partnering with founders to build global tech companies, today announced the opening of a new office in Abu Dhabi Global Market (ADGM)—one of the world’s most dynamic hubs for innovation and artificial intelligence. This expansion strengthens Inovia’s global presence with offices across Canada, the Bay Area, London, and now the UAE.

The opening of the Abu Dhabi office marks an important milestone in deepening strategic partnerships across the Middle East following the Canadian Innovation Delegation in the UAE led by the firm in October, and supports the ambitions outlined in the recent Canada-UAE Memorandum of Understanding on Artificial Intelligence and Digital Infrastructure.

“Canada and the UAE share a strong and growing ambition to advance innovation, talent mobility, and global collaboration,” said Chris Arsenault, Partner & CEO  at Inovia Capital. “Our new office builds on the momentum created through relationship-building efforts that began over a year ago, including our October Innovation Delegation in the region, and allows us to contribute meaningfully to building bridges between our two ecosystems.”

As part of this expansion, Claire Glossop Irani, recently promoted to Head of Strategic  Partnerships and Office of the CEO, has relocated to Abu Dhabi to lead Inovia’s efforts across the Middle East. In addition to continuing to oversee Inovia’s Global Investor Relations function, her mandate will include supporting portfolio companies by generating new commercial and financial partnerships, especially in the UAE and KSA.

Claire’s professional experience in the Gulf, when she was previously based in Dubai, combined with her investor relations, investment and ecosystem-building expertise, positions her uniquely to accelerate Inovia’s regional ambitions.

“It is an opportune moment to accelerate strengthened ties between the Canadian and Middle East tech ecosystems,” said Claire Glossop Irani. “Being based in Abu Dhabi will allow us to better support our portfolio by deepening our relationships with entities committed to building the next generation of global technology companies.“

While Inovia’s core investment mandate remains firmly rooted in Canada, the opening of the Abu Dhabi office—and extended activities across the Middle East—represents a significant milestone in the firm’s commitment to building ties with the region and supports its mission to back founders as they build global, sustainable technology companies.

About Inovia Capital

Inovia Capital is Canada’s leading full-stack software investor, partnering with founders to build impactful and enduring global companies. With three investment strategies—Discovery, Venture, and Growth—the team leverages an operator-led mindset to provide founders with multi-stage support, mentorship, and access to a worldwide network. Inovia manages over US$2.5B with operations in Montreal, Toronto, Waterloo, Calgary, the Bay Area, London and Abu Dhabi. For more information, visit inovia.vc.

SUNNYVALE, Calif., Nov. 20, 2025 — Plug and Play, the world’s largest innovation platform and early-stage venture capital firm, today announced its official expansion into New York City through two initiatives led by New York City Economic Development Corporation (NYCEDC): the NYC AI Nexus and the International Landing Pad Network (ILPN).

The announcement was made on stage during the Plug and Play Enterprise & AI Expo at the Silicon Valley Summit, where industry leaders, startups, and investors gathered to discuss how artificial intelligence and digital transformation are reshaping business. Together, these initiatives mark Plug and Play’s first location in New York City and reinforce its commitment to connecting innovators, corporations, and governments to solve global challenges through technology.

“Plug and Play is expanding into New York City’s unparalleled innovation ecosystem in a major way, as a selected operator for both our NYC AI Nexus and International Landing Pad Network initiatives,” said New York City Economic Development Corporation (NYCEDC) President & CEO Andrew Kimball. “The firm’s established expertise building technology ecosystems all over the world will strengthen NYCEDC’s efforts to support early-stage and global companies, fostering dynamic innovation, job creation, and economic growth right here in the five boroughs.”

Through the NYC AI Nexus, Plug and Play will focus on helping small and medium-sized enterprises adopt and implement AI solutions that improve efficiency and business outcomes. The program will target industries including food and beverage, media and advertising, travel and hospitality, and professional services. Over the next three years, Plug and Play and co-operator C10 Labs will collectively support up to 165 AI startups, facilitate 96 pilots between startups and industry partners, and host 90 ecosystem events citywide.

“New York City represents one of the most dynamic and diverse innovation ecosystems in the world,” said Michael Olmstead, Chief Revenue Officer and Partner at Plug and Play. “Through our collaboration with NYCEDC, we’re excited to help founders—from early-stage AI innovators to global deep tech leaders—scale their solutions, pilot new technologies, and connect with corporate partners that can accelerate real-world impact.”

As part of the International Landing Pad Network, Plug and Play will also lead a program in partnership with Cornell Tech to attract growth-stage international companies to New York City. The initiative aims to bring over 50 international startups to the city within 12 months, offering coworking space, mentorship, and access to Plug and Play’s global network of investors and corporate partners. The program will focus on startups operating in medtech, health, sustainability, and deep tech sectors as they scale into the U.S. market.

“The International Landing Pad Network gives international startups a soft landing into one of the world’s most influential innovation hubs,” said Sherif Saadawi, VP of Growth Strategy, Plug and Play. “With the support of NYCEDC and Cornell Tech, Plug and Play will help global innovators navigate the U.S. startup landscape, connect with corporate partners, and unlock the opportunities that only New York can offer.”

Plug and Play’s new operations in New York City will serve as a hub for innovation, connecting startups, corporations, investors, and academic institutions to build solutions that strengthen industries and create new jobs.

To learn more about Plug and Play New York, visit: https://www.plugandplaytechcenter.com/locations/new-york-city.

About Plug and Play

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across 25+ industries. We offer corporate innovation programs, helping our partners in every stage of their innovation journey, from education to execution. We also run startup acceleration programs and have built an in-house VC where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com.

Media Contact
Jacky Tsang
Senior Communications & PR Associate
[email protected]

SOURCE Plug and Play

Built by decorated veterans and elite operators, Twenty emerges from stealth to deliver intelligent, full-lifecycle cyber warfare systems to accelerate the speed and scale of U.S. and allied cyber operations.

ARLINGTON, Va., Nov. 20, 2025 — Twenty, the company leading the industrial-scale transformation of cyber warfare technologies, today announced that it has raised $38 million in total funding. The Series A round was led by Caffeinated Capital, with participation from General Catalyst and In-Q-Tel.

Founded in 2024, Twenty has operated in stealth while partnering with the U.S. military and Intelligence Community to build and deploy intelligent, agentic, end-to-end systems that accelerate the entire offensive cyber operations lifecycle. By applying world-class software engineering to a warfighting domain historically lacking commercial innovation, Twenty delivers military and intelligence cyber capabilities to deter and defeat determined adversaries.

The funding comes amid intensifying warnings about violations of U.S. digital borders and the need to conduct offensive cyber operations to hold adversaries accountable and protect Americans at home. Experts have noted that America’s investments in offensive cyber capabilities are falling behind rapid advancements by its adversaries, particularly the People’s Republic of China (PRC).

Members of Congress and Administration officials have been alarmed by repeated PRC intrusions into U.S. critical infrastructure and telecommunications networks. John Ratcliffe, Director of the CIA, called for the urgent modernization of offensive cyber capabilities so that the U.S. has “all the tools necessary to go on offense against our adversaries.” The need is especially pressing after revelations last week that PRC state-sponsored hackers used Anthropic’s AI to conduct a highly-automated hacking campaign targeting major corporations and foreign governments.

Twenty’s Co-founder and CEO, Joe Lin, first recognized critical gaps in offensive cyber operations while leading Public Sector at Expanse. There, he saw how U.S. cyber analysts and operators often relied on manual processes and disjointed tools to execute missions of national consequence — approaches unsuited for the speed and scale of cyber conflict.

“We are in an existential competition with the PRC, a highly determined adversary that seeks to remake the global order in its image. Cyberspace is the front line of our competition against China,” said Joe Lin, Co-founder and CEO of Twenty. “To counter the PRC, we must equip our analysts and operators with intelligent and autonomous capabilities needed to conduct cyber operations at industrial scale. We can no longer rely upon bespoke methods to generate mission outcomes in a domain that underpins every element of modern life and warfare.”

Timothy Junio, co-founder and CEO of Expanse (acquired by Palo Alto Networks for $1.25B in 2020) who led Twenty’s Seed round, remarked:

“This is the strongest team I’ve ever seen building cyber capabilities for critical national security missions. Joe and Twenty’s co-founders have assembled an extraordinary group of world-class technologists, former operators from military and three-letter agencies, and business leaders who’ve landed over $100M in government contracts. I can think of no better company to build and deploy transformative capabilities for the U.S. government, military, and Intelligence Community.”

Raymond Tonsing, Managing Partner of Caffeinated Capital, emphasized the urgency of the mission:

“As our adversaries grow more sophisticated, the United States must close critical gaps in its cyber operations. Twenty is a once-in-a-generation investment opportunity to help improve our national security. We are thrilled to partner with Joe and the Twenty team.”

About Twenty
Twenty builds and deploys intelligent and autonomous end-to-end systems that accelerate the entire offensive cyber operations lifecycle. Founded in 2024 by decorated veterans and elite operators, the company partners with the U.S. military and Intelligence Community to deliver mission-ready capabilities designed to counter determined adversaries and secure the foundations of modern life.

SOURCE Twenty

DAVIS, Calif., Nov. 20, 2025 — BioFiltro, Inc., a regenerative and nature-based wastewater treatment company serving the dairy, food processing, sanitary, industrial, and municipal sectors, announced today it has secured a $35 million strategic investment from Jordanelle Capital, a Utah-based private equity firm.

With Jordanelle’s support, BioFiltro will accelerate growth within the dairy industry while expanding its reach across multiple other industries seeking natural, cost-effective alternatives to conventional treatment systems.

“This partnership allows us to build on our strong foundation within the dairy sector and bring our proven vermifiltration technology to even more producers,” said Steve Rowe, Executive Chairman of BioFiltro. “I’ve seen firsthand the difference BioFiltro can make for dairy operations, and I’m excited about the growth ahead as we continue to make sustainability both practical and profitable.”

“Our mission has always been to harness the power of nature to recover resources and protect water,” said Matías Sjögren, CEO and Co-Founder of BioFiltro. “With Jordanelle’s investment, we can scale that mission to reach more farms and industries committed to regenerative solutions and responsible water stewardship.”

“BioFiltro represents the type of company we’re proud to partner with: one that utilizes a unique and robust asset base to generate meaningful value for its customers through long-term relationships,” said Matthew Day, Managing Partner at Jordanelle Capital. “BioFiltro’s innovative, nature-based approach to wastewater treatment delivers measurable benefits for dairy producers, industrial customers, and the environment. We’re excited to support its continued growth across agriculture and beyond.”

BioFiltro’s patented BIDA^® System removes up to 98% of contaminants found in agricultural, industrial and sanitary wastewater through a natural biological process. It delivers significant reductions in energy use, greenhouse gas emissions, sludge production, and operating costs when compared to traditional wastewater technologies. Headquartered in Davis, California, BioFiltro serves clients across North America, South America and Europe, with a rapidly expanding footprint in the U.S. dairy sector.

About BioFiltro

BioFiltro is a global leader in regenerative wastewater treatment solutions, providing natural, low-energy systems that convert waste into worth. Through its patented BIDA^® vermifiltration technology, BioFiltro treats wastewater for the dairy, food and beverage, municipal, wine, sanitary, and industrial sectors. BioFiltro transforms wastewater into clean water and nutrient-rich soil amendments, enabling clients to reduce costs, lower emissions, and meet sustainability goals. Learn more at www.biofiltro.com.

About Jordanelle Capital

Jordanelle Capital is a Utah-based private equity firm investing in asset-backed industrial companies, with a particular focus on water and wastewater, midstream agriculture, and the circular economy. Jordanelle looks to partner with management teams to accelerate growth, expand market presence, and build durable long-term value. Learn more at www.jordanelle.com.

SOURCE BioFiltro, Inc.

Funding accelerates Point One’s mission to deliver centimeter-level precision to every connected vehicle, robot, and device.

SAN FRANCISCO, Nov. 20, 2025 — Point One Navigation, a leader in high-precision location technology, today announced a $35 million Series C oversubscribed funding round led by Khosla Ventures, with participation from existing investors including IA Ventures, UP Partners and Alumni Ventures. The capital will support further infrastructure expansion, software innovation, and OEM integration, alongside team growth in R&D, engineering, customer success, and international operations.

From self-driving cars and trucks, to delivery robots and precision agriculture, the rise of Physical AI—machines that understand and interact with the real world—depends on reliable, high-accuracy location. Historically, that precision required complex system integration, specialized expertise, and heavy custom development. Point One Navigation was founded to change that: to make precise location simple, reliable, and globally accessible for any developer.

“For years, enabling Physical AI through precision location has been a powerful concept but painfully complex to implement in the real world,” said Aaron Nathan, CEO and co-founder of Point One Navigation. “By combining dense, centralized infrastructure, intelligent software, and a developer-first API, we’re giving every OEM the spatial awareness to bring their platforms to life. This funding accelerates our mission to make precise location as universal as GPS itself.”

The Platform Behind Precise Location

Point One Navigation is the first to deliver centimeter-level location services in a singular platform by combining three core technologies:

• The Polaris RTK Network: the world’s most densely deployed and professionally managed infrastructure providing high-quality GNSS corrections data
• The Location Cloud: unifies corrections, telemetry, and device management through a single GraphQL API
• The Positioning Engine: software that fuses satellite, sensor, and motion data in real time to determine a device’s exact position with centimeter-level accuracy

Together, this seamless platform — from satellite to software — enables precise location for Physical AI in minutes, not months.

Delivering on the Vision

Since its last funding round, Point One Navigation has:

• Announced a strategic partnership with Totem and Orange S.A., extending precise-location services across Europe using Totem’s tower infrastructure and Orange’s IoT platform.
• Signed multi-year, exclusive agreements with leading automotive, robotics, and equipment manufacturers, accelerating adoption across key markets reaching hundreds of thousands of devices.
• Expanded Polaris RTK Network coverage across North America, Europe, and Asia, achieving unprecedented reliability and density.
• Launched the Location Cloud API, giving developers a single endpoint for corrections, telemetry, and lifecycle management.
• Embedded its Positioning Engine with OEM and module partners to enable seamless indoor/outdoor transitions and human-motion modeling for wearables, safety, and first-responder use cases.

These achievements underscore Point One’s accelerating momentum and broad market traction—the number of OEM’s leveraging Point One for Physical AI has increased 10x in the last year.

“Physical AI requires knowing exactly where you are down to the centimeter,” said Kanu Gulati, Partner at Khosla Ventures and Board Member. “Point One makes this level of accuracy accessible to any developer, from powering autonomous vehicles and drones to warehouse robots and emergency response. We’re excited to continue backing the team as they become the default location layer for the next generation of AI in the physical world.”

About Point One Navigation

Point One Navigation delivers the world’s most precise, reliable, and scalable location platform. Its Unified Location Platform — combining the Polaris RTK Network, Location Cloud, and Positioning Engine — provides centimeter-level accuracy for vehicles, robots, wearables, and connected devices within its expanding global coverage areas. Point One Navigation is headquartered in San Francisco, California.

Visit pointonenav.com to learn more.

About Khosla Ventures

Khosla Ventures  is a venture capital firm focused on investments in artificial intelligence, financial services, healthcare, consumer, enterprise, and sustainability sectors. It is known for making early capital investments in startups such as OpenAI, Instacart, Affirm, DoorDash, and Block.

Media Contact:
[email protected]
Point One Navigation

SOURCE Point One Navigation

Capital Bridge Group is a growth-stage investment and advisory firm founded by Michael Ronen, who recently was with Fortress Investment Group, and previously a former Partner and COO of Global Technology, Media and Telecom (TMT) banking at Goldman Sachs and subsequently a Managing Partner at SoftBank’s Vision Fund.

Wais Jalali, Founder, Chairman and CEO of XNRGY, commented: “We are thrilled to partner with Capital Bridge Group as we rapidly scale to meet customer demands for reliable and energy-efficient data center cooling solutions. The firm’s expertise aligns perfectly with our vision for being the leader of the AI data center cooling market.”

Michael Ronen, Managing Partner of Capital Bridge Group, commented: “Our investment in XNRGY is a defining moment for Capital Bridge Group – our inaugural investment. We are very pleased to be working with Prologis, the global leader in logistics and data infrastructure real estate, as a partner to Capital Bridge and strategic investor in this round. As demand for AI-driven data centers accelerates globally, XNRGY’s advanced cooling and energy-efficient systems are uniquely positioned to become mission-critical infrastructure.”

“Meeting the world’s growing energy needs requires new approaches to efficiency,” said William O’Donnell, global head of Corporate Development and Growth at Prologis. “Our investment in XNRGY helps advance the technology that supports the build out of the data center infrastructure that our daily lives run on.”

Christopher Fazekas, Vice-Chairman of the Board of XNRGY, commented: “Michael is highly respected in the investment community and I couldn’t be more delighted to partner with him and Prologis Ventures. Their investment provides further validation for XNRGY as we continue our rapid growth and expansion to meet the very high customer demand for our data center cooling products.”

XNRGY is a leading North American manufacturer of high-efficiency liquid and air-cooling systems with integrated controls and AI capabilities. Its technologies are designed to meet the evolving demands of hyperscale data infrastructure, offering modular scalability, reliability, and energy efficiency in high-ambient-temperature environments. XNRGY continues to implement state-of-the-art production systems inspired by the automotive standards, integrating digital tracking and rigorous quality control throughout its manufacturing process. Its comprehensive thermal management solutions, spanning Liquid Side, Air Side, and full thermal management solutions with proprietary controls integration are engineered by a team of seasoned experts to meet the increasing demands of modern data infrastructure.

On October 23, 2025, XNRGY celebrated the grand opening of its Mesa 1 manufacturing facility with a ribbon-cutting ceremony in Mesa, Arizona. The event was attended by over 200 people including Arizona dignitaries, XNRGY’s customers and partners, and XNRGY’s Mesa, Arizona, employees. XNRGY is rapidly expanding its U.S. manufacturing footprint and accelerating the deployment of next-generation cooling solutions to meet the demand from data centers and other mission-critical infrastructure. XNRGY operates with divisions in Montreal, Canada, and Mesa, Arizona, and is strategically positioned to serve customers across North America.

About XNRGY Climate Systems:

XNRGY Climate Systems is a prominent North American provider specializing in the sustainable design and advanced manufacturing of Thermal Management and Liquid Cooling systems. Leveraging decades of experience in thermal management engineering and manufacturing, XNRGY delivers innovative, energy-efficient solutions tailored to meet the critical requirements of diverse industries. These include hyperscale and modular data centers, healthcare facilities, pharmaceutical labs, semiconductor clean rooms, electric vehicle battery manufacturing, and life sciences facilities. Operating with divisions in Montreal, Canada, and Mesa, Arizona, XNRGY is strategically positioned to serve its clientele across North America.

For additional information, please visit www.xnrgy.com.

About Capital Bridge Group

Capital Bridge Group is a growth-stage investment and advisory firm founded by Michael Ronen, a former Goldman Sachs Partner and COO of Global Technology, Media and Telecom banking, and Managing Partner at SoftBank’s Vision Fund, where he led investments in automotive AI, infrastructure and mobility. Capital Bridge Group specializes in technology-led growth, structured equity, and strategic capital solutions across industries and geographies. Combining the rigor of a disciplined investment firm with the creativity of a strategic advisory partner, Capital Bridge Group pairs institutional and family-office private capital with sound strategic advice and focuses on empowering visionary founders at key inflection points. The firm’s differentiated model combines strategic advice, flexible investment structures, and a world-class global network built over three decades at the forefront of technology and finance.

For more information visit: http://capitalbridge.group or email: [email protected]. 

SOURCE XNRGY Climate Systems

• Oversubscribed Series B backed by Emergence Capital, SBI Investment, LG Technology Ventures, Pavilion Capital, Uphonest Capital, with participation from all existing investors
• Exceeding $50 million in annualized run rate within five months since the initial launch, marking one of the fastest growth rates in the AI industry
• Launches the Genspark AI Workspace, the first platform that autonomously delivers complete business outcomes

PALO ALTO, Calif., Nov. 20, 2025 — Genspark today announced it has closed an oversubscribed $275 million Series B financing round at a $1.25 billion post-money valuation. The round was backed by Emergence Capital Partners, the leading Silicon Valley firm behind Salesforce, Zoom, and Box, alongside leading global technology investors including SBI Investment, LG Technology Ventures, Pavilion Capital, Uphonest Capital, with all existing investors doubling down in this round. The company achieved this milestone while breaking $50 million in annualized run rate within five months – one of the fastest growth rates among AI companies in the industry.

Genspark closed its Seed round, totaling approximately $60 million, in early 2024. Lanchi Ventures, a global early-stage venture capital firm, led the round and has continued to support the company’s growth. As an early investor from Day One, Lanchi Ventures commented: “We have strong conviction in Eric Jing’s vision and the Genspark team. We believe AI is not just about better foundation model and better Chatbot. It is about delivering real work results and efficiency that matter to users. Genspark enables knowledge workers to achieve this in their work space by leveraging the strength of different foundation models, agents and tools. And it proves to be valuable for knowledge workers globally as demonstrated by the fast growth of the company. We are truly proud of the milestones they have achieved so far.”

The funding coincides with the launch of the Genspark AI Workspace. This new platform moves beyond simple AI assistance, which requires step-by-step guidance, to deliver true end-to-end autonomy by putting work on autopilot.

“There are over 1 billion knowledge workers globally spending countless hours on busywork: drafting emails, summarizing meeting notes, creating slides, analyzing data, writing reports. AI chatbots gave us conversation, but they didn’t eliminate the work. You’re still prompting, switching tools, editing outputs. That’s not transformation, that’s just AI-assisted busywork!” said Eric Jing, CEO of Genspark. “Genspark changes this dynamic entirely. Our platform enables knowledge workers to focus on strategy and decisions while autonomous agents handle execution. You state your intent, we deliver the finished work. This is a fundamental shift in how a billion people will work, from managing tasks to driving outcomes. In the AI era, Genspark is where your work gets finished autonomously.”

While LLMs provide powerful reasoning, they lack the “arms and legs” to execute complex business tasks. Genspark’s platform provides that capability, allowing you to put work on autopilot and shift from managing tasks to driving outcomes and strategy. You no longer give step-by-step instructions; you give a high-level goal, and Genspark’s proprietary Mixture-of-Agents architecture manages the entire workflow. No prompting. No tool-switching. Just finished.

“Genspark unlocks something entirely new for enterprises: autonomous execution that delivers finished work, not just assistance,” said Joe Floyd, General Partner at Emergence Capital. “We’ve got our pulse on the AI workspace category, and no one has cracked this until now. Genspark is solving real-world pain points and filling the productivity gap in enterprise AI adoption.”

Genspark’s all-in-one platform acts as the intelligent conductor for this process. It doesn’t rely on a single, pre-trained model. Instead, it intelligently selects and orchestrates from 30+ AI models—including leading models like GPT, Claude, and Gemini alongside open-source alternatives. This is powered by 150+ in-house tools and 20+ premium datasets, allowing the platform to integrate with hundreds of work tools, collect scattered data, connect the dots, and deliver a final, polished outcome.

“We tried more than 20 AI tools on the market to help us build our quarterly presentations and earnings reports,” said a CFO at one of the largest publicly traded real estate companies in Texas. “Genspark is the only one that is boardroom ready.”

Genspark was founded by industry veterans with decades of experience building search and AI systems at Microsoft, Google, Meta, YouTube, and Pinterest. Co-founder and CEO Eric Jing is a Microsoft veteran who joined in 2006 and became a founding member of Microsoft Bing. He built his last company to a $5.5B valuation, where he worked with Co-founder and CTO Kay Zhu for 11 years. Kay Zhu pioneered AI-powered search ranking technologies at Google in 2011, launching the world’s first deep neural network ranking model in production search in 2013. Co-founder and COO Wen Sang holds a PhD from MIT and previously founded and exited Smarking, a Y Combinator and Khosla Ventures backed enterprise SaaS company. This expertise in building large-scale AI systems was foundational in creating the market-leading evaluation benchmarks that ensure Genspark’s agents deliver high quality work output that typically requires only one prompt from customers.

About Genspark

Genspark is a Palo Alto, CA based technology company that builds agentic AI for 1B+ global knowledge workers. Founded by veterans from Microsoft, Google, Meta, Youtube, and Pinterest, Genspark orchestrates AI agents to transform business intent into finished deliverables – from board presentations, deep financial models, business ready documents, to full stack web applications, mobile apps, and even video games. Built for knowledge workers who lead, not just act. Learn more at genspark.ai.

SOURCE Lanchi Ventures

AI Research Startup to Provide Free LLM Access for India’s 300M Students

NEW YORK, Nov. 20, 2025 — Redrob, an AI research startup, today announced $10 million in Series A funding led by Korea Investment Partners, with participation from KB Investment, Kiwoom Investment, Korea Development Bank Capital, Daekyo Investment, and DS & Partners. This brings the company’s total funding to $14 million, following a $4 million seed round in 2023.

Operating across San Francisco, New York, New Delhi, Mumbai, and Seoul with a team of 100 employees, Redrob is positioning itself as the Android to ChatGPT’s iPhone—offering enterprise-grade AI capabilities at a fraction of the cost for both emerging markets and cost-conscious enterprises worldwide. The company has also added undisclosed former senior partners from leading Silicon Valley VC firms to its board of advisors.

“We’re democratizing access to AI infrastructure worldwide while building a sustainable enterprise business model,” said Felix Kim, Founder and CEO of Redrob. “Our technical breakthrough enables us to deliver 90% of flagship model performance at just 5% of the cost, making advanced AI accessible to billions of users globally while offering compelling economics for U.S. enterprises.”

The market opportunity is significant. With ChatGPT Pro priced at $200 per month—far out of reach for much of the global population and many businesses—Redrob addresses this gap through a 20× cost reduction enabled by advanced ML techniques, including Mixture of Experts architecture, aggressive distillation, and quantization. This approach makes high-performance AI feasible for both emerging-market consumers and enterprise customers seeking efficient, scalable solutions.

Redrob has already achieved strong momentum, reaching 3 million users across 500 universities in India and generating $7 million in annual recurring revenue. The new funding will accelerate U.S. enterprise sales, global platform expansion, and continued free access for students in emerging markets.

The company’s B2C-to-B2B conversion strategy is proving especially successful in India. Students who use the platform for free during university later become internal advocates when they enter the workforce. As these graduates join companies across India’s tech hubs, they help drive enterprise adoption from within—creating a natural, low-cost sales pipeline.

“The next billion AI users will come from emerging markets,” Kim added. “By providing free access to students today, we’re building tomorrow’s enterprise customer base. When these users graduate and join companies, they bring Redrob with them.”

Looking ahead, Redrob aims to become the world’s third-largest LLM platform by monthly active users—behind ChatGPT and Gemini—by 2028, with a strong emphasis on U.S. enterprise market penetration. The company’s full-stack infrastructure spans the entire AI value chain, from foundation models to end-user applications, with Redrob LLM powering enterprise-grade solutions for HR, sales, and productivity.

“We’re not just building another AI company—we’re creating the infrastructure that ensures AI benefits everyone, not just the privileged few,” said Kim. “That means free access for students in Mumbai and Delhi, but also cost-effective enterprise solutions for businesses from Silicon Valley to Seoul. This is how we build a truly global AI platform.”

Contact: Josh Rosenblut, [email protected], 914-708-7928

SOURCE RedRob